Condo in 121 NE 5th Street 3400, Miami, FL 33132 for sale with MLS# A12118649

Unit already generating income in a short rental program with management company. Stunning high-floor residence on the 34th floor at 501 First Residences, offering breathtaking direct east-facing water views of Biscayne Bay. This beautifully designed unit comes fully furnished and completely turn-key, ideal for both personal use and investment. Approved for short-term rentals and currently professionally managed by a short-term rental company, the property offers excellent income potential from day one. Floor-to-ceiling windows fill the space with natural light and showcase spectacular bay views, while modern finishes and a private balcony enhance the living experience. Residents enjoy resort-style amenities and a prime location in the heart of Miami, just moments from dining, entertainment and waterfront attractions.

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121 NE 5th Street 3400, Miami, FL 33132

Price
Price:
$450,000.00
Original List Price:
$450,000.00
List Price per Sq Ft (Calculated, Approx.):
$1,092.23
More Listings Same Building:
501 First Residences in 121 5 Street Miami
Property Status and Type
Listing Type:
For Sale
Status:
Active
Listing Category:
Residential
Property Type:
Condominium
Description of Last Important Update:
New Listing
Last Major Update on:
November 5, 2026 5:00 am
Other Special Conditions:
Sold As-is, Foreign Seller
Rooms Distribution
Bathrooms Total:
1
Full Bath:
1
Room Type:
Laundry
Master Bedroom Bath:
Separate Shower, Bedroom On Entry Level
Measures
Living Area:
412 Sqft
Built-Up Area:
412 Sqft
Property Features
View from the Property:
Water, Bay, Skyline
Waterfront:
No
Security:
Fire Sprinkler System, Security System, Lobby - Attended
Appliances:
Dryer, Dishwasher, Microwave, Refrigerator, Washer
Interior:
Entrance Foyer, Elevator
Exterior:
Balcony
Air Conditioning
Air Conditioning System:
Central Air
Heating
Heating System:
Central
Unit Description:
High Rise
Balcony Details:
Balcony - Open
Construction
Year Built:
2025
Levels:
Two
Construction Materials:
CBS
Flooring:
Ceramic Tile
Number of stories:
40
Taxes and Expenses
Tax Year:
2025
Association Fee:
$589.00
Association Fee Frequency:
Monthly
Parking
Garage
Garage Spaces:
1
Covered Spaces:
1
Parking Features:
Covered, Valet
Community
Association
Application Required
Application Fee:
$150.00
Application Information:
No Approvals
Association Type:
Condominium
Pets Allowed?
Lease Number Times per Year Allowed:
365
Amenities Provided by the Homeowner's Association (HOA):
Business Center, Pool, Spa/hot Tub, Community Room, Bike Storage, Clubhouse, Management, Maintenance, Elevator(s), Fitness Center, Picnic Area, Parking
Subdivision Name:
501 First Residences
Association Fee Includes:
Sewer, Water, Trash, Security, Internet
Senior Community:
No
Minimum Days per Lease:
1
Leasing Permitted
Leasing Permitted Details:
Okay To Lease, Okay To Lease During First Year, Short Term Rentals Allowed
Terms
Listing Terms Considered by Seller:
Cash, Conventional
Buyer Possession:
Negotiable, Close Of Escrow
Zoning and Legal
Tax Legal Description:
501 First Residences condominium book 35067 page 4463
Real Estate Folio Number (Parcel Number):
0141010080220
Public Schools Assigned
Elementary School:
Hammock Pointe
High School:
Booker T. Washington
Middle Or Junior School:
Jose De Diego
Listing History
Active on the market since:
November 4, 2026
Listing Agreement executed on:
November 5, 2026
Listing Status Last Changed On:
November 5, 2026 5:00 am
Photos updated on:
November 5, 2026 4:36 pm
Last Modified:
November 6, 2026 12:02 am
Additional Information
Courtesy of:
The Keyes Company
Attribution:
Not provided
Location
Floor Number:
34
Street Name:
5th
Street Number:
121
Unit Number:
3400
City:
Miami
State:
Florida
Zip Code:
33132
County:
Miami-Dade
Latitude:
N25° 46' 45.6''
Longitude:
W81° 48' 29.5''
Street Suffix:
Street
Street Direction Prefix:
NE
Property Map

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Neighborhood Stats

Source: U.S. Census Bureau, ACS 5-Year Estimates

Median Household Income $109,505
Median Home Value $545,100
Median Rent $2,534/mo
Median Age 34
Population 18,244
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Ver la Propiedad Ver la propiedad 121 NE 5th Street 3400, Miami, FL 33132
Association of REALTORS®
Disclaimer: IDX listing information is presented by Rebonus Brokerage LLC for consumer informational purposes only. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by the MLS or the real estate broker. This page presents structured listing information sourced directly from the MLS via the RESO Web API feed. Rebonus prioritizes maximum field coverage and data completeness, displaying the most granular MLS-provided attributes available.